Skip to main content

Our goal is to give you the tools and confidence you need to improve your finances. Although we receive compensation from our partner lenders, whom we will always identify, all opinions are our own. Credible Operations, Inc. NMLS # 1681276, is referred to here as "Credible."

What is the difference between an HO6 (condo) and HO4 (renters) insurance policy?

The HO6 and HO4 both cover your personal property and personal liability, but only the HO6 condo policy has additional Coverage A for the interior finishing of the unit.

HO6 (Condo)HO4 (Renters)
Personal propertyYesYes
Interior finishingsYesNo
Building structureNoNo

If you own the condo, you need the HO6. The additional coverage in the HO6 is essential because your condo association usually only covers the structure, but not interior finishings like cabinets, countertops, or crown molding. In a condo total loss scenario (the building burns down), you need additional Coverage A on your HO6 insurance policy to restore the unit to a livable condition.

How much Coverage A should I carry for my HO6 condo policy?

Knowing where the condo association coverage stops and where your coverage should start is critical. If your condo needs to be rebuilt entirely from the ground up, are you personally responsible for:

  • Studs in – you get your condo back unfinished, with the studs and no drywall.
  • Walls in (most common) – walls are up, but you need to put up finishings — flooring, cabinets, countertops, etc.
  • Original specification – does not include upgrades you did after buying the unit, but back to original condition. If you added some beautiful granite countertops, get those covered on your HO6.
  • All in – all-in coverage is rare, but it would include a livable and full restoration of your condo unit

The difference in coverage you need for studs in vs. all in restoration can be over $100,000 in Coverage A. Always check with your condo association before buying an HO6 policy.

Compare home insurance from top carriers

  • Fully online, buy home insurance coverage instantly
  • Compare quotes from highly rated home insurance carriers in your area
  • No spam, phone calls, upselling, or fake quotes

Get Insurance Quotes Now

Copyright (c) 2023, Credible Insurance, Inc. d/b/a Credible Insurance Agency (CA Lic. # 0M90597). Insurance Services provided through Credible Insurance, Inc., VA: Credible Insurance Agency, Inc., MN SOS: Credible Cover, Inc. Credible Insurance is a subsidiary of Credible Labs Inc. 1700 Market St. Ste. 1005, Philadelphia, PA 19103.
About the author
Credible Staff
Credible Staff

The goal of the Credible editorial writers and staff is to help our readers get up to speed on issues surrounding student loans, mortgage, and personal finance, so you can make informed decisions. We’re here to help you stay on top of the latest news, trends, concepts, and changes in policy and regulations.

Read More